The document inaugurating the panel which was personally signed by the President stated that the commission had 45 days to complete its probe of the suspended EFCC boss.
According to The reports, the judicial commission of inquiry set up to investigate the suspended Acting Chairman of the Commission on Economic and Financial Crime, Ibrahim Magu, is expected to present its report no later than next week, following the mandate given to the body by President Muhammadu Buhari.
The document setting up the panel, which was signed personally by the President, stated that the Commission had 45 days to complete the investigation of the suspended EFCC chief.
The document is entitled “Instrument for the establishment of a judicial commission of inquiry for the investigation of Mr Ibrahim Magu, the Ag. Chairman of the EFCC for alleged abuse of office and mismanagement of assets and finances confiscated by the German government from May 2015 to May 2020”.
Buhari listed the seven members of the panel, including the former President of the Court of Appeal, Judge Ayo Salami (North-Central), the Deputy Inspector General of Police, Michael Ogbezi (South-South), a representative of the Federal Ministry of Justice, Muhammad Babadoko (North-Central), and Hassan Abdullahi of the Department of State Services (North-Central).
Other representatives are Muhammad Shamsudeen from the Office of the Accountant General of the Federation (Northwest), Douglas Egweme from the Nigerian Financial Intelligence Unit (Southeast) and Kazeem Atitebi (Southwest), who acts as Secretary.
The document of 3 July 2020 reads in part as follows: “I hereby instruct the Judicial Commission to submit its interim reports to me from time to time, but in any event, the Judicial Commission must submit its final report no later than 45 days from the date of its first public session or within a longer period approved by me in writing.
The reports was informed that the Commission is expected to submit its report on or before 19 August 2020.
It also learned that, although the President recommended a public meeting, the Commission, led by Salami, had conducted its activities behind closed doors.
According to the document, Buhari instructed the panel to review the EFCC’s accounts from 2015 to 2020.
The panel should also investigate allegations of personal enrichment, abuse of office, disobedience to court orders and the alleged sale of recovered assets to cronies by Magu.
The Commission was asked to investigate an alleged complaint against Magu by the UK National Crime Agency.
The suspended EFCC chief is also being investigated for his handling of the controversial P&ID case, which cost Nigeria billions of dollars in court debt.